Shipping-I: Earnings slump

Apr 30:
In tankers, average earnings for a modern VLCC have slumped from $64,846 per day in 2015; to $41,488 in 2016; to $17,794 in 2017 and to $6,774 daily in 2018 to date. 8The nominal value of a 5-year old VLCC dropped from $80m in 2015, and to $60m in 2016, before rebounding to $64m in 2017. 8Average earnings for a modern MR product tanker fell from $21,444 per day in 2015; to $12,124 in 2016; to $10,213 in 2017, and are at $10,212 daily in 2018 to date. 8Find out more on what is going on and what the future holds in store.Click on Reports for more